CSCL Confirms Charters for Six 21,000 TEU Containerships

The 19,200 TEU CSCL Globe was delivered in November 2014 by Hyundai Heavy Industries. Photo: HHI

A unit of China Shipping Container Lines (CSCL) has entered into bareboat charter agreements for the leasing of six ultra-large containerships with a near record-setting carrying capacity of 21,000 TEU, CSCL revealed in an announcement to the Hong Kong Exchanges on Friday.

Under the agreements, the six vessels will be leased to a CSCL HK by China Shipping for a period of 12 years upon delivery of the vessels. The vessels are to be delivered between April 2018 to December 2018.

The agreement states that the 21,000 TEU class will be built with a capacity of no less than 20,988 TEU. It also includes options for up to five additional vessels.

The announcement did not specify where the vessels will be built.

At 21,000 TEU, the vessels are second largest containerships ever ordered. Early this year, South Korea’s Samsung Heavy Industries entered into a contract with OOCL for the construction of six containerships with 21,100 TEU capacity. Delivery of those ships are expected by November 2017.